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How does one determine the correct "market value" of a property where government zoning laws prevent building more dense housing? Perhaps you advocate for remo
by i_am_proteus 5y ago
How does one determine the correct "market value" of a property where government zoning laws prevent building more dense housing?
Perhaps you advocate for removing these zoning laws and then letting the market clear?
- ZeroGravitas 5y agoThe property rights absolutist solution would be to build a wall on publicly owned land blockading the private property and reducing its value to nothing and then buying it from the owner at its new market price of zero. When this happens in real life they can apply to the government for an easement, but that's practically communism, so we wouldn't allow that in this thought experiment. https://www.investopedia.com/terms/l/landlocked.asp https://www.investopedia.com/terms/l/landlocked.asp
- stjohnswarts 5y agoMarket value is market value. Any competent real estate agent can give you a decent estimate.